The strategy we laid out brings clarity for users and developers across Cronos. Go check it all out at
cronos.com/strategy/
(1) We're naming our trading app
@UltApp. Ult is short for Ultimate, the most powerful ability you unlock. Our goal is to give you the most powerful ability to trade: anything you want, whenever you want, wherever you want. Most of what's inside Ult doesn't run on
@CronosNetwork, so the old name told traders the wrong thing of what's available in the app to trade.
(2) The first of more tokenomics discussions to come, starting with two proposals. 100% of Ult and Cronos Launch revenue goes toward buying and burning crypto-com-chain:native, and the community burn gets automated. This is just a start.
(3) The mandate for Cronos Labs is clear. Our focus is Ult and products that drive 100% of revenue to crypto-com-chain:native. Every other Cronos Labs project will be sunset over the coming months. Look to each project directly for its own communications.
(4) Some of what developers told us they want:
A clear path to be considered for listings at
@cryptocom We're laying out the review eligibility. Token launchpad information comes out this week. Equal treatment for developers on other launchpads, and for tokens that already exist on Cronos Network. We want everyone to win.
Ease of building: familiar EVM tooling and a 24/7 settlement network with key integrations like a direct on/offramp with
@cryptocom and Native USDC. Then distribution as Ult grows, for example through token listing and routing once execution quality improvements ship.
This is just the start of much more to come, but we wanted to lay down the foundation. See you on Ult, Thursday September 17th, on iOS and Android available to the world.